About Nammo
Nammo is an Aerospace, Defense & Maritime company based in Raufoss (Norway) founded in 1998. Ammunition and rocket motors supplied to military and civilian sectors. The company has 1 employees. Nammo has completed 4 acquisitions, including Berger Bullets, Chemring Ordnance and Pocal. Its website nammo.com draws about 91 thousand monthly visits. Its Indian entity Nammo India Private Limited reported revenue of ₹3.61 Cr. Nammo offers products and services including Ammunition, Rocket Motors, and Shoulder Fired Systems. Its focus areas include Aerospace, Maritime and Defense, Defense Contractors and Arms and Ammunition.
Company details
Nammo was founded in 1998 in Raufoss, Norway, where operations are based in the defense sector. Ammunition and rocket motors are manufactured and distributed to military and civilian customers worldwide. Services encompass production of propulsion systems and related components, with a focus on reliability for defense applications. The company maintains facilities across Europe and North America to support global supply chains.
- Headquarters Raufoss, Norway
- Employees 1
- SectorsAerospace, Defense & Maritime
- Website category Heavy Industry and Engineering · Aerospace and Defense
- Email••••••••
- Phone•••• ••••
- Website nammo.com
- Social LinkedIn
- Legal Name Nammo India Private Limited
- Date of Incorporation 29 Apr, 2016
- Jurisdiction New Delhi, Delhi, India
- Indian entity revenue₹3.61 Cr
FY 2023 · +5% YoY
- Indian entity net profit₹27.1 Lakh
FY 2023 · 8% margin
- Indian entity EBITDA₹39.4 Lakh
FY 2023 · 11% margin
- Latest Funding Round$530.7K (USD), Grant
Dec 2023
- InvestorsEuropean Union
& 1 more
- Employee Count1
- Investments & AcquisitionsBerger Bullets
& 3 more
Associated legal entities of Nammo
Nammo operates through Nammo India Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nammo India Private Limited CIN U74999DL2016FTC298733 | Under Liquidation | 29 Apr 2016 | New Delhi, Delhi | ₹3.6 Cr | 1 | 4 | View details |
Products & Services of Nammo
Nammo offers a comprehensive portfolio of products and services, including Ammunition, Rocket Motors, and Shoulder Fired Systems.
Specialty ammunition for military and defense operations worldwide
Engines used in rockets and missiles for space and defense
Portable systems for tactical military applications and security
Funding Insights of Nammo
- Total Rounds 7
- Last Round Grant — $530,704
- Investors Count 2
All 7 funding rounds of Nammo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2023 | $530,704 | Grant | – | – | |
| Feb 2020 | $876,221 | Grant | – | – | |
| Jan 2016 | $621,258 | Grant | – | – | |
| Dec 2015 | $298,008 | Grant | – | – | |
| Feb 2015 | $340,683 | Grant | – | – | |
| Sep 2008 | $9.6M | Grant | – | – | |
| Feb 2006 | Private Equity Round | – | – | – |
2 investors in total: 2 institutional.
Investors in Nammo
Nammo has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Military Health.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Administers health care and support for military personnel and operations. | health.mil | Falls Church, United States |
Investor details for Nammo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Nammo India Private Limited (Nammo)
Nammo India Private Limited is the primary company behind Nammo. The board of Nammo India Private Limited currently have 4 directors; the longest-serving is Karanjit Singh Chopra, appointed in 2016. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Karanjit Singh Chopra DIN 03434687 | Managing Director | 29 Apr 2016 | 10 yrs 5 mo | Nammo India Private Limited |
| Lars Furuseth DIN 07587518 | Director | 29 Aug 2016 | 10 yrs 1 mo | Nammo India Private Limited |
| Jens Petter Dieseth DIN 08342710 | Director | 18 Feb 2019 | 7 yrs 8 mo | Nammo India Private Limited |
| Rajeev Dhingra DIN 03620311 | IRP/RP/Liquidator | 07 Mar 2024 | 2 yrs 7 mo | Nammo India Private Limited |
People of Nammo
68 people are tracked at Nammo (27 in leadership, 8 in board & advisors, 33 in team); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Fredrik Tangeraas | Senior Vice President, Corporate Communications | Leadership |
Rob Selby | Vice President Of Nammo Space | Leadership |
Kjell Kringsjå | Chief Operating Officer | Leadership |
Camilla Becker | SVP, Human Resources & Acting Chief of Staff | Leadership |
Maurice Muser IV (Chip) | Director Health, Environment, Safety & Security (hess) | Leadership |
Lonnie Myklebust | Vice President Regulatory Affairs | Leadership |
Michael T. | Head Of Global Data Governance | Leadership |
Peter Lerche Raadal | VP Procurement And Supply Chain | Leadership |
Elisabeth Alm Mjelstad | Director Of Learning And Development | Leadership |
Trevor Orman | Director Of UK Operations, Space Industry | Leadership |
| Managing Director - India | Leadership | |
Morten Brandtzæg | President & CEO | Leadership |
Bård Ljones Stenberg | Vice President International Sales Marketing | Leadership |
Tomas Ramse Andersen | Senior Vice President Business Development | Leadership |
Alexander Wilhelm | Managing Director / Geschäftsführer | Leadership |
Frank Møller | Executive Vice President Missile Products Division | Leadership |
Jörgen Persson | Sales Director | Leadership |
| CFO And SVP Finance | Leadership | |
Lucas Garcia Lopez | Sales & Marketing Director | Leadership |
Björn Andersson | VP Business Development Sweden | Leadership |
48 more people are available in the full profile.
Complete people profiles for Nammo
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Financials of Nammo
Figures of Nammo India Private Limited, the primary company behind Nammo, for FY 2023. Revenue was ₹3.61 Cr (+5% year on year). Net profit was ₹27.1 Lakh (8% margin). EBITDA was ₹39.4 Lakh (11% margin). Revenue has grown at a compounded annual rate of +7% over three years and +4% over five years.
- ₹3.61 CrRevenue · FY 2023 · +5% YoY
- ₹27.1 LakhNet profit · 8% margin
- ₹39.4 LakhEBITDA · 11% margin
- ₹1 LakhPaid-up capital
- 1Employees (provident fund records)
- +7%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nammo India Private Limited are on its company page.
Detailed financial statements for Nammo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Nammo
Nammo has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Berger Bullets, Chemring Ordnance and Pocal.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Manufacturer of close combat products and ammunition components | chemringordnance.com | Perry, United States | 1954 | Nov 2019 | $17M | |
Online offering grade rifle bullets for varmint, target, hunting and tactical | bergerbullets.com | Mesa, United States | 1955 | Oct 2016 | •••• | |
Ammunitions are manufactured by Pocal in the United States. | pocal.com | Arlington, United States | 1999 | Mar 2013 | •••• | |
Defense systems are engineered and manufactured for military use. | talleyds.com | Mesa, United States | 1960 | Dec 2006 | •••• |
Complete acquisition details for Nammo
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Timeline of Nammo
7 dated milestones of Nammo across 25 years, from founding to its latest funding, stage changes and deals.
- Founded Nammo is founded.
- Funding First funding round.
- Acquisition Acquires Talley Defense Systems.
- Acquisition Acquires Pocal.
- Acquisition Acquires Berger Bullets.
- Acquisition Acquires Chemring Ordnance.
- Funding Latest funding round, Grant, of $531K.
Web traffic of Nammo
The website of Nammo (nammo.com) receives about 91.1K visits a month and ranks #518,141 among all websites worldwide, #7,145 in Aerospace and Defense.
- Monthly visits91.1K
▲ 31.3% vs previous month
- Unique visitors30.3K
per month
- Global rank#518,141
among all websites
- Category rank#7,145
Heavy Industry and Engineering · Aerospace and Defense
- Bounce rate40%
- Pages per visit1.9
- Average visit23 sec
- DevicesDesktop 31% · Mobile 69%
Websites whose visitors overlap most with Nammo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| kongsberg.com | 100% | 258.8K | #201,133 | View details | |
| saabgroup.com | 85% | #7,104,213 | View details | ||
| moog.com | 70% | 244.8K | #172,088 | View details | |
| intertekinform.com | 42% | 213.3K | #258,659 | View details | |
handgunsmag.com | handgunsmag.com | 40% | #252,543 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Nammo
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Frequently Asked Questions about Nammo
Nammo was founded in 1998 and raised its 1st funding round 8 years after it was founded.
Nammo is headquartered in Raufoss, Norway. It is registered at Raufoss, Innlandet, Norway.
Nammo has 1 employees.
The primary company behind Nammo, Nammo India Private Limited, reported revenue of ₹3.61 Cr for FY 2023, up 5% year on year.
Nammo was founded in 1998 in Raufoss, Norway, where operations are based in the defense sector. Ammunition and rocket motors are manufactured and distributed to military and civilian customers worldwide. Services encompass production of propulsion systems and related components, with a focus on reliability for defense applications. The company maintains facilities across Europe and North America to support global supply chains.
Nammo offers Ammunition, Rocket Motors, and Shoulder Fired Systems.
Nammo has made 4 acquisitions, including Berger Bullets, Chemring Ordnance, and Pocal.
Nammo has 2 investors. Key investors include European Union, and Military Health.
Nammo operates through Nammo India Private Limited.
The legal entities of Nammo currently have 4 directors, including Rajeev Dhingra, Jens Petter Dieseth, Lars Furuseth and others.